KTFA:
Mountainman: FLATLINE.....Flatline......Holy Flatline.......Oh Boy......The FED "KNOWS" Exactly HOW,WHY,and WHEN......(THEY) do What (THEY)
Do.....JUNE will be A STORY w/in A STORY.......Those of You Following will UNDERSTAND it's HISTORY in Motion.....IMO
Blessings,Mountainman (8)=New Beginnings........FLATLINING
Thunderhawk: Backdoc Alert
Bill Gross: We're close to the economic flatline
The Federal Reserve has employment numbers on its radar as opposed to real economic growth, Bill Gross said Wednesday on CNBC's " Power Lunch ."
....
Mountainman: FLATLINE.....Flatline......Holy Flatline.......Oh Boy......The FED "KNOWS" Exactly HOW,WHY,and WHEN......(THEY) do What (THEY)
Do.....JUNE will be A STORY w/in A STORY.......Those of You Following will UNDERSTAND it's HISTORY in Motion.....IMO
Blessings,Mountainman (8)=New Beginnings........FLATLINING
Thunderhawk: Backdoc Alert
Bill Gross: We're close to the economic flatline
The Federal Reserve has employment numbers on its radar as opposed to real economic growth, Bill Gross said Wednesday on CNBC's " Power Lunch ."
....
"Goodness, this quarter, for almost the second quarter in a row, we're close to the flatline in terms of economic growth," said Gross, who leads the Unconstrained Bond Fund at Janus Capital Group. "But the jobs market seems to be doing better, and that's the one they emphasize first. As long as jobs keep going at 200,000 a month, I think the Fed is well on its way to a June hike."
The Federal Reserve opted to leave interest rates unchanged at its April meeting Wednesday, noting that the labor market had improved, despite the appearance of slowing economic activity and moderate household spending. The Fed eventually wants to normalize rates, bringing the Fed funds rate up to 2 percent, Gross said.
Even with the " Yellen put" moving options markets, financial assets are yielding nearly nothing, Gross said. Still, he said he only expects one rate hike from the Federal Reserve in 2016. Markets for Fed funds futures now price in a 19 percent chance of a June hike.
"Usually I like to differ from the market or disagree with the market, but I think, in this case, one hike is probably where we're at," Gross said. "Can they get there [to 2 percent], based upon this market put, based on the market situations in emerging markets? I don't really think so, but they want to try."
http://ift.tt/1Stmgyh
************
Mountainman: Hello DOC......Yes You WARNED this Would Be a DAY of RECKONING in the MARKETS......and HERE We GO......It's a OPEN Ones EYES MOMENT......In the {TRANSITION} to A NEW GLOBAL REALITY......IMO
Blessings,Mountainman (8)=New Beginnings......NOW
Thunderhawk: Backdoc Alert
Nikkei 225 Futures Plunge as BOJ Keeps Monetary Policy Unchanged
Nikkei 225 Stock Average futures tumbled, reversing an earlier gain, after the Bank of Japan stood pat on monetary policy when most economists were expecting further stimulus.
Contracts on the measure traded in Singapore sank 3.4 percent as of 12:07 p.m. in Tokyo after rising as much as 1.8 percent before the central bank’s announcement. The BOJ kept its bond-buying program at 80 trillion yen ($733 billion) a year and made no changes to its negative-interest rate or its program for purchasing exchange-traded funds.
“It’s a total shock,” said Nader Naeimi, the Sydney-based head of dynamic markets at AMP Capital Investors Ltd., which oversees about $120 billion. “From currencies to equities to everything -- you can see the reaction in the markets. I can’t believe this. It’s very disappointing.”
A slight majority of economists surveyed by Bloomberg last week, 23 out of 41, said they expected the BOJ to add to stimulus. Nineteen predicted the central bank would increase purchases of ETFs, eight expected a boost in bond buying and eight projected the BOJ would further cut its negative rate, the survey conducted April 15-21 showed.
http://ift.tt/24lktj4
************
Mountainman: WATCH those {SAFETY NETS}.......for They Aren't So "SAFE" in these FALLING MARKETS/Economies.....this is A MAJOR PART of the {TRANSITION} into the New Reality......BOJ.....is OUT of AMMO.....That Means.....Oh ..... Yah......Not GOOD.....but A Necessary REALITY to Get to WHERE we Want and NEED to be......and The BIG 500 are Feeling It BIG TIME........
Blessings,Mountainman (8)=New Beginnings......for MANY STARS
Thunderhawk: Backdoc Alert
It gets uglier for stocks if this safety net breaks
Critical information before the U.S. market opens
Mark Zuckerberg was doing his best to cheer up investors, but then Haruhiko Kuroda delivered his convincing impersonation of a wet blanket.
Facebook’s stock FB, +9.57% is still on track for a record close after an impressive earnings report, as our chart of the day shows.
But most stocks around the world are sliding, led by Japan’s benchmark NIK, -3.61% diving 3.6%. Folks apparently just can’t wait until May to sell.
Bank of Japan boss Kuroda shocked markets by not launching more stimulus.
“It is hard not to feel sorry for the Bank of Japan,” said IG’s Chris Beauchamp in a note. “It has tried unconventional policy once this year, and it didn’t work. Now it has tried to be unconventionally conventional, sitting on its hands, and this hasn’t worked either.”
“In both cases, the market has decided to push the yen higher, causing the usual howls of anguish at Japanese exporters,” Beauchamp added.
The Japanese yen USDJPY, -2.50% — a key safety play — has jumped about 3%, trading around ¥108 to the dollar. U.S. stock futures ESM6, -0.33% moved sharply lower as the BOJ news hit, as shown in the chart below:
The key level to watch for the yen is its mid-April mark of 107.63 to the dollar, says today’s call, which comes from Société Générale’s Kit Juckes.
The haven currency already has neared that level in recent trading. Watch to see if the safety play breaks decisively through it.
Slicing through this safety net, so to speak, could mean trouble for riskier assets like stocks.
Key market gauges
Dow futures YMM6, -0.48% have been trading more than 100 points lower, and European stocks SXXP, -0.66% have been showing sizable losses. Gold GCM6, +0.48% has been gaining as a key dollar index DXY, -0.44% drops. Oil CLM6, +0.11% hasn’t been making big moves, letting others take the spotlight for once.
The call
“USD/JPY 107.63, the April low, is the key psychological level to watch,” writes SocGen’s Juckes in a note.
He suggests the yen’s rally isn’t unstoppable. Yet at the same time, he’s not sure when investor flight to the safety play actually will stop.
“I really don’t think we’re going back to the pre-Abenomics world of ever-stronger yen, and I think we’ll see the other side of USD/JPY 115 in due course — but I’m not brave enough to shout ‘Sell Yen!’ from the rooftops just yet, either,” the strategist says.
“The BOJ inaction suggests a desire to ignore the market response to January’s move into negative rates, and wait and see the effects of the policy change. That’s not going to diminish the sense that the BOJ is almost out of ammunition,” he adds.
Other yen watchers see the currency strengthening much more, with Charles Stanley technical analyst Bill McNamara saying, “we could see a move back to around ¥105 in the near term.”
Facebook’s stock is on track to top its March record close around $116, based on its action in extended trading after the social network’s earnings report late Wednesday.
Analysts are fired up, especially after other tech giants whiffed with their latest results.
“Facebook’s results were extraordinary, even by the standards of a company that seems to beat sky-high expectations time after time,” said ETX Capital’s Mark Priest in emailed comments.
Zuck & Co. have put to rest concerns about Facebook’s transition to mobile ads, and the divergence from ailing rival Twitter TWTR, -0.34% is “getting more marked,” Priest adds. Investors are likely reassured the CEO “shows no signs of wanting to let go of the reins,” as he is “even taking the trouble of creating a new class of shares.”
The economy
We just got our first look at U.S. growth in the January-to-March quarter, which showed the economy sputtered and expanded by a weaker-than-expected 0.5%. The other economic report hitting before the open covered weekly jobless claims, which rose to 257,000 versus forecasts for 260,000.
And get set for more chatter about yesterday’s Federal Reserve statement, which was viewed as slightly hawkish, yet still got credit for helping stocks end higher.
The buzz
Hey, St. Jude STJ, +26.59% — Abbott Labs ABT, -6.47% plans to buy you in a $25 billion deal.
Priceline PCLN, -0.43% said CEO Darren Huston is stepping down following an investigation into his relationship with an employee.
Dunkin’ Brands DNKN, -1.07% , Time Warner Cable TWC, +0.81% , Valeant VRX, +3.35% , Dow Chemical DOW, -1.32% , Ford F, +1.43% , UPS UPS, -1.43% and MasterCard MA, +1.40% have been among the many companies on the earnings docket before the open.
Reports from Amazon AMZN, +2.63% , Pandora P, +0.53% , LinkedIn LNKD, +1.32% and plenty of others are expected to grab the spotlight after the close.
Elon Musk has made risky financial moves with his companies. Relatedly, he’s promising a mission to Mars within two years.
First Solar FSLR, -7.50% has been down premarket after the solar company named a new CEO as it released earnings.
120 — That’s the number of suspects charged yesterday by police in a “Bronx gang takedown.” It’s believed to be the largest gang takedown in New York City history.
“When a wave washes over sand, ripples will appear. This simple observation was a scientific mystery until Hertha Marks Ayrton read ‘The Origin and Growth of Ripple Marks’ to the Royal Society in 1904. ... Today, 162 years after her birth, we celebrate her legacy as engineer, mathematician, physicist and inventor, her impact still rippling through the scientific community.”
Why the key to the NFL draft’s first round is what the Chargers do with the third pick.
North Korea appeared to fire a ballistic missile on Thursday, but it crashed.
Beyoncé opened her tour and reviewers say it’s “victorious and glorious.”
Who will succeed Lego’s billionaire owner Kjeld Kirk Kristiansen? His son, Thomas Kirk Kristiansen.
http://ift.tt/1VVfUuL
The Federal Reserve opted to leave interest rates unchanged at its April meeting Wednesday, noting that the labor market had improved, despite the appearance of slowing economic activity and moderate household spending. The Fed eventually wants to normalize rates, bringing the Fed funds rate up to 2 percent, Gross said.
Even with the " Yellen put" moving options markets, financial assets are yielding nearly nothing, Gross said. Still, he said he only expects one rate hike from the Federal Reserve in 2016. Markets for Fed funds futures now price in a 19 percent chance of a June hike.
"Usually I like to differ from the market or disagree with the market, but I think, in this case, one hike is probably where we're at," Gross said. "Can they get there [to 2 percent], based upon this market put, based on the market situations in emerging markets? I don't really think so, but they want to try."
http://ift.tt/1Stmgyh
************
Mountainman: Hello DOC......Yes You WARNED this Would Be a DAY of RECKONING in the MARKETS......and HERE We GO......It's a OPEN Ones EYES MOMENT......In the {TRANSITION} to A NEW GLOBAL REALITY......IMO
Blessings,Mountainman (8)=New Beginnings......NOW
Thunderhawk: Backdoc Alert
Nikkei 225 Futures Plunge as BOJ Keeps Monetary Policy Unchanged
Nikkei 225 Stock Average futures tumbled, reversing an earlier gain, after the Bank of Japan stood pat on monetary policy when most economists were expecting further stimulus.
Contracts on the measure traded in Singapore sank 3.4 percent as of 12:07 p.m. in Tokyo after rising as much as 1.8 percent before the central bank’s announcement. The BOJ kept its bond-buying program at 80 trillion yen ($733 billion) a year and made no changes to its negative-interest rate or its program for purchasing exchange-traded funds.
“It’s a total shock,” said Nader Naeimi, the Sydney-based head of dynamic markets at AMP Capital Investors Ltd., which oversees about $120 billion. “From currencies to equities to everything -- you can see the reaction in the markets. I can’t believe this. It’s very disappointing.”
A slight majority of economists surveyed by Bloomberg last week, 23 out of 41, said they expected the BOJ to add to stimulus. Nineteen predicted the central bank would increase purchases of ETFs, eight expected a boost in bond buying and eight projected the BOJ would further cut its negative rate, the survey conducted April 15-21 showed.
http://ift.tt/24lktj4
************
Mountainman: WATCH those {SAFETY NETS}.......for They Aren't So "SAFE" in these FALLING MARKETS/Economies.....this is A MAJOR PART of the {TRANSITION} into the New Reality......BOJ.....is OUT of AMMO.....That Means.....Oh ..... Yah......Not GOOD.....but A Necessary REALITY to Get to WHERE we Want and NEED to be......and The BIG 500 are Feeling It BIG TIME........
Blessings,Mountainman (8)=New Beginnings......for MANY STARS
Thunderhawk: Backdoc Alert
It gets uglier for stocks if this safety net breaks
Critical information before the U.S. market opens
Mark Zuckerberg was doing his best to cheer up investors, but then Haruhiko Kuroda delivered his convincing impersonation of a wet blanket.
Facebook’s stock FB, +9.57% is still on track for a record close after an impressive earnings report, as our chart of the day shows.
But most stocks around the world are sliding, led by Japan’s benchmark NIK, -3.61% diving 3.6%. Folks apparently just can’t wait until May to sell.
Bank of Japan boss Kuroda shocked markets by not launching more stimulus.
“It is hard not to feel sorry for the Bank of Japan,” said IG’s Chris Beauchamp in a note. “It has tried unconventional policy once this year, and it didn’t work. Now it has tried to be unconventionally conventional, sitting on its hands, and this hasn’t worked either.”
“In both cases, the market has decided to push the yen higher, causing the usual howls of anguish at Japanese exporters,” Beauchamp added.
The Japanese yen USDJPY, -2.50% — a key safety play — has jumped about 3%, trading around ¥108 to the dollar. U.S. stock futures ESM6, -0.33% moved sharply lower as the BOJ news hit, as shown in the chart below:
The key level to watch for the yen is its mid-April mark of 107.63 to the dollar, says today’s call, which comes from Société Générale’s Kit Juckes.
The haven currency already has neared that level in recent trading. Watch to see if the safety play breaks decisively through it.
Slicing through this safety net, so to speak, could mean trouble for riskier assets like stocks.
Key market gauges
Dow futures YMM6, -0.48% have been trading more than 100 points lower, and European stocks SXXP, -0.66% have been showing sizable losses. Gold GCM6, +0.48% has been gaining as a key dollar index DXY, -0.44% drops. Oil CLM6, +0.11% hasn’t been making big moves, letting others take the spotlight for once.
The call
“USD/JPY 107.63, the April low, is the key psychological level to watch,” writes SocGen’s Juckes in a note.
He suggests the yen’s rally isn’t unstoppable. Yet at the same time, he’s not sure when investor flight to the safety play actually will stop.
“I really don’t think we’re going back to the pre-Abenomics world of ever-stronger yen, and I think we’ll see the other side of USD/JPY 115 in due course — but I’m not brave enough to shout ‘Sell Yen!’ from the rooftops just yet, either,” the strategist says.
“The BOJ inaction suggests a desire to ignore the market response to January’s move into negative rates, and wait and see the effects of the policy change. That’s not going to diminish the sense that the BOJ is almost out of ammunition,” he adds.
Other yen watchers see the currency strengthening much more, with Charles Stanley technical analyst Bill McNamara saying, “we could see a move back to around ¥105 in the near term.”
Facebook’s stock is on track to top its March record close around $116, based on its action in extended trading after the social network’s earnings report late Wednesday.
Analysts are fired up, especially after other tech giants whiffed with their latest results.
“Facebook’s results were extraordinary, even by the standards of a company that seems to beat sky-high expectations time after time,” said ETX Capital’s Mark Priest in emailed comments.
Zuck & Co. have put to rest concerns about Facebook’s transition to mobile ads, and the divergence from ailing rival Twitter TWTR, -0.34% is “getting more marked,” Priest adds. Investors are likely reassured the CEO “shows no signs of wanting to let go of the reins,” as he is “even taking the trouble of creating a new class of shares.”
The economy
We just got our first look at U.S. growth in the January-to-March quarter, which showed the economy sputtered and expanded by a weaker-than-expected 0.5%. The other economic report hitting before the open covered weekly jobless claims, which rose to 257,000 versus forecasts for 260,000.
And get set for more chatter about yesterday’s Federal Reserve statement, which was viewed as slightly hawkish, yet still got credit for helping stocks end higher.
The buzz
Hey, St. Jude STJ, +26.59% — Abbott Labs ABT, -6.47% plans to buy you in a $25 billion deal.
Priceline PCLN, -0.43% said CEO Darren Huston is stepping down following an investigation into his relationship with an employee.
Dunkin’ Brands DNKN, -1.07% , Time Warner Cable TWC, +0.81% , Valeant VRX, +3.35% , Dow Chemical DOW, -1.32% , Ford F, +1.43% , UPS UPS, -1.43% and MasterCard MA, +1.40% have been among the many companies on the earnings docket before the open.
Reports from Amazon AMZN, +2.63% , Pandora P, +0.53% , LinkedIn LNKD, +1.32% and plenty of others are expected to grab the spotlight after the close.
Elon Musk has made risky financial moves with his companies. Relatedly, he’s promising a mission to Mars within two years.
First Solar FSLR, -7.50% has been down premarket after the solar company named a new CEO as it released earnings.
120 — That’s the number of suspects charged yesterday by police in a “Bronx gang takedown.” It’s believed to be the largest gang takedown in New York City history.
“When a wave washes over sand, ripples will appear. This simple observation was a scientific mystery until Hertha Marks Ayrton read ‘The Origin and Growth of Ripple Marks’ to the Royal Society in 1904. ... Today, 162 years after her birth, we celebrate her legacy as engineer, mathematician, physicist and inventor, her impact still rippling through the scientific community.”
Why the key to the NFL draft’s first round is what the Chargers do with the third pick.
North Korea appeared to fire a ballistic missile on Thursday, but it crashed.
Beyoncé opened her tour and reviewers say it’s “victorious and glorious.”
Who will succeed Lego’s billionaire owner Kjeld Kirk Kristiansen? His son, Thomas Kirk Kristiansen.
http://ift.tt/1VVfUuL
Mountainman: You can't PUMP fake MONEY into the SYSTEM and JUMP into A NEW GLOBAL REALITY based On TRUE VALUES/RESOURCES and this and other Reasons are WHY the MARKETS are FALLING......and NOW are ADJUSTING to a TRUE {MARKET} VALUE.......this will NOT Happen OVER NIGHT......but as We are Showing.....Will be A "CONTROLLED {FLOW}/ CASCADE/CHAOS......The GIG is UP......and EYES are SEEING the Reality of the 7 YEARS of the QE Program.......IMO
Blessings,Mountainman (8)=New Beginnings.........Say WHAT.........Yup
Thunderhawk: Backdoc Alert
The U.S. Is in the Midst of a Historic Bull Market
A bull market that has been derided as fake, doomed and history’s most-hated just earned a new title: the second-longest ever.
Dodging and weaving through three 10 percent drops in the last 19 months while avoiding the 20 percent decline that denotes a bear market, the advance that began seven weeks after Barack Obama’s first inauguration in January 2009 has now lasted 2,607 days. That matches a rally from 1949 to 1956 which straddled the presidencies of Harry Truman and Dwight D. Eisenhower.
Only the dot-com bubble of the 1990s lasted longer at 3,452 days.
Yet again, the rally is showing signs of fatigue: for the first time its rolling 12-month return is negative, and companies in the Standard & Poor’s 500 Index are reporting their worst profits in six years. At the same time, economists are steadily downgrading their growth forecasts, the international outlook is much worse and investors are pulling money from equities at an unprecedented rate.
Such threats are nothing new, and speculating that anything could stop the
seven-year-old advance has always been a fool’s game. The Federal Reserve and other central banks have shown time and again that they stand ready to inject more cash into the financial system at the first sign of market turbulence.
“I don’t remember another post-war bull market that was this fearful, chronically and persistently,” said Jim Paulsen, the Minneapolis-based chief investment strategist at Wells Capital Management Inc., which oversees $337 billion. Investors are “forever prepared for the end of the world, but reluctantly being dragged back into to equities.”
The New Yorker writer John Brooks’ chronicle of the 1950s bull market is called “The Seven Fat Years,” a title few people would apply to America since the financial crisis. In truth, the signature characteristic of the Obama bull market has been its ability to soar above an economy going nowhere, returning 3.7 percent a quarter on average since March 2009, compared with a 0.9 percent gain in gross domestic product. That gap is the widest ever.
Bulls and bears divide on how that happened. To optimists, the 210 percent rally in stocks is justified by a commensurate expansion in earnings, achieved by managers focused on efficiency and cost cuts by the experience of the financial crisis. Pessimists see a market that rose only in proportion to the trillions of dollars in liquidity injected by the Fed.
To read more: http://ift.tt/24lnIac
Blessings,Mountainman (8)=New Beginnings.........Say WHAT.........Yup
Thunderhawk: Backdoc Alert
The U.S. Is in the Midst of a Historic Bull Market
A bull market that has been derided as fake, doomed and history’s most-hated just earned a new title: the second-longest ever.
Dodging and weaving through three 10 percent drops in the last 19 months while avoiding the 20 percent decline that denotes a bear market, the advance that began seven weeks after Barack Obama’s first inauguration in January 2009 has now lasted 2,607 days. That matches a rally from 1949 to 1956 which straddled the presidencies of Harry Truman and Dwight D. Eisenhower.
Only the dot-com bubble of the 1990s lasted longer at 3,452 days.
Yet again, the rally is showing signs of fatigue: for the first time its rolling 12-month return is negative, and companies in the Standard & Poor’s 500 Index are reporting their worst profits in six years. At the same time, economists are steadily downgrading their growth forecasts, the international outlook is much worse and investors are pulling money from equities at an unprecedented rate.
Such threats are nothing new, and speculating that anything could stop the
seven-year-old advance has always been a fool’s game. The Federal Reserve and other central banks have shown time and again that they stand ready to inject more cash into the financial system at the first sign of market turbulence.
“I don’t remember another post-war bull market that was this fearful, chronically and persistently,” said Jim Paulsen, the Minneapolis-based chief investment strategist at Wells Capital Management Inc., which oversees $337 billion. Investors are “forever prepared for the end of the world, but reluctantly being dragged back into to equities.”
The New Yorker writer John Brooks’ chronicle of the 1950s bull market is called “The Seven Fat Years,” a title few people would apply to America since the financial crisis. In truth, the signature characteristic of the Obama bull market has been its ability to soar above an economy going nowhere, returning 3.7 percent a quarter on average since March 2009, compared with a 0.9 percent gain in gross domestic product. That gap is the widest ever.
Bulls and bears divide on how that happened. To optimists, the 210 percent rally in stocks is justified by a commensurate expansion in earnings, achieved by managers focused on efficiency and cost cuts by the experience of the financial crisis. Pessimists see a market that rose only in proportion to the trillions of dollars in liquidity injected by the Fed.
To read more: http://ift.tt/24lnIac
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